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Demand for de-aromatic solvents is prominent in India and the country is expected to hold 37.1% share of the regional market. Around 70% of the de-aromatic solvents consumed.
The global de-aromatic solvents market stands at a valuation of US$ 1.62 billion in 2023 and is forecasted to increase at a CAGR of 5.6% to reach US$ 2.8 billion by 2033. East Asia and South Asia Pacific are expected to remain key regional markets in this business owing to increasing consumption in India, China, and Japan.
De-aromatic solvents, also called ultra-low aromatic solvents, or de-aromatized hydrocarbon solvents, are a subcategory of hydrocarbon solvents that have very little (less than 1%) aromatic content and contain iso-paraffinic, paraffinic, and naphthenic components. These solvents are utilized in a wide range of industries, including paints, coatings, and inks, industrial cleaning solutions, drilling fluids, adhesives & sealants, consumer goods, agrochemicals, etc. These solvents are characterized by their lower toxicity, higher occupational exposure limits, and low volatile organic compounds content, and are an ideal alternative to conventional solvents such as chlorinated solvents and mineral turpentine.
Paints and coatings account for a prominent share of de-aromatic solvent consumption, followed by the metalworking segment. Industrial growth coupled with an increasing preference for de-aromatic solvents due to strictly imposed regulations and restrictions about volatile organic compounds emissions are expected to drive the growth of the metalworking, consumer products, and paints & coatings segments in this market during the forecast period.
De-aromatic Solvents Market Size (2022A)
US$ 1.55 Billion
Market Estimation (2023E)
US$ 1.62 Billion
Market Forecast (2033F)
US$ 2.8 Billion
Value CAGR (2023 to 2033)
Collective Value Share: Top 3 Countries (2023)
The market exhibited 2% year-over-year growth in the past four years. Demand for de-aromatic solvents has been consistently increasing due to the rising consumption of de-aromatized solvents, especially low flash point grade, in various end-use applications such as household insecticides and mosquito repellents since these solvents don’t have any odor, contain less volatile organic compounds (VOCs), and even have lower toxicity when compared to the conventional solvents available in the market.
Based on current estimations, the market is to witness a growth outlook of 5.6% over the period of 2033 and 2033. Demand for de-aromatic solvents is increasing due to rising infrastructural development, construction investments, and the surge in automotive, electrical, and electronic products that require paints, coatings, and inks.
Drilling fluid sales are growing as a result of the massive increase in worldwide well-drilling prospects spurred by the significant rise in oil & gas consumption. North America is the top producer of crude oil from offshore resources, followed by Russia and Saudi Arabia. Several countries from across the world have made contributions to the quest for new resources for the oil & gas sector.
De-aromatic solvents find use in various drilling applications. They are used to clean down-hole and surface handling equipment, remove deposits, and remove impurities from machinery. As the demand for drilling fluids shows an upward spike owing to rising oil & gas exploration, it is creating an ample opportunity for de-aromatic solvent manufacturers for the years ahead.
De-aromatic solvents in drilling fluids find application in drilling mud and oilfield chemicals. They are used to remove contaminants from the equipment, remove deposits, and clean down-hole and surface handling equipment. Numerous environmental hazards related to drilling fluids are impeding the growth of de-aromatic solvents.
Drilling fluids generate toxic chemicals during down-hole injection and on-land shore disposal processes. When certain chemicals are dissolved in groundwater, the quality of the water is degraded. Such waste and wastewater affect marine aquatic life adversely, contaminate the soil significantly, destabilize marine ecosystems, and disrupt the environmental cycle.
To prevent the harmful effects on health, safety, and the environment, several government entities have laid down strict regulations on drilling chemicals.
For instance, the U.S. Environment Protection Agency published standards for the oil & gas extraction industry, which are based on the best available technology that is economically viable for the release of contaminants from oil & gas drilling activities associated with the use of non-aqueous fluids into water and other synthetic-based fluids.
Why Does India Account for a Significant Share of the De-aromatic Solvents market?
Demand for de-aromatic solvents is prominent in India and the country is expected to hold 37.1% share of the regional market. Around 70% of the de-aromatic solvents consumed in India are imported from global manufacturers such as Exxon Mobil and Total S.A., among others.
Expansion of the de-aromatic solvents market in India is largely being driven by the rising demand for aroma-less solvents used in the production of household insecticides, mosquito repellents, and aerosols.
Growth of the paints and coating industry as well as demand from the residential and commercial sectors for low VOC concentrations, odorless, bio-based paints is expected to boost the target market during the forecast period.
What Makes China a Hub for De-aromatic Solvent Demand?
China is expected to dominate the Asia Pacific as well as the global market for de-aromatic solvents. In 2022, China accounted for 13.1% share of the global market.
Lower and medium flash points are the preferred grades in the country, accounting for a collective three-fourths market share. Metalworking and industrial cleaning are the preferred application areas for de-aromatic solvents. Over the past few years, there has been a steady increase in the use of medium flash point grade de-aromatic solvents. China has a strong base for the paints, coatings, and ink markets, along with metalworking applications, which is anticipated to create significant opportunities for de-aromatic solvent producers over the coming years.
Which Application of De-Aromatic Solvents Generates High Revenue Streams?
Based on application, the paints, coating, and inks segment accounted for 43.2% market share in 2022. There has been substantial growth in the demand for paints and coatings in the recent past owing to steady growth in end-use industries.
Paints and coatings are primarily used to adorn and preserve buildings and infrastructure. De-aromatic solvents are widely utilized in architectural paints as many of them are solvent-based in nature. Sealers, varnishes, primers, stains, and interior & exterior house paints are examples of architectural modifications. Architectural paints provide low-VOC, odorless paints with high scrub resistance since they are offered in a variety of textures, from matte to semi-gloss sheens.
De-aromatic solvents provide properties such as faster drying periods, less odor, and low VOC concentration due to their rust-prevention capabilities, and they are employed as thinners in the production of paints, varnishes, and wood preservatives. Increasing usage of aroma-less solvents in the paints & coatings industry, especially low flash point grade solutions, is expected to fuel the demand for de-aromatic solvents over the decade.
Will De-aromatic Solvent manufacturers See Lucrative Opportunities in the Metalworking Industry?
Several industries use a broad array of machinery, such as those in the automotive, construction, and electrical & power sectors. Metalworking fluids are employed in a variety of machining activities and cutting operations, and thus play a significant role in the efficiency of production as a whole. In the global market of de aromatic solvents, the metalworking application accounted for 23.1% value share in 2022.
Fluids are widely utilized in workshops for metal forming and cutting. The main purpose of fluids is to cool the surface and lubricate tools, workpieces, and machinery. With increasing industrial output, rising urbanization, and rapid economic growth, there has been substantial growth in the demand for metalworking fluids for the construction of bridges, engines, metal parts, ships, rails, and precious jewelry parts. De-aromatized solvents are used in all ranges of metalworking applications.
De-aromatized solvents, which have high flash point grades, are non-corrosive towards metals and leave relatively lower levels of residue post-processing. These solvents are odorless, have fast drying ability, and hence, are increasingly being adopted and find application in metal working processes.
The de-aromatic solvents market is dominated by leading players offering competitively priced products. Key market manufacturers are focusing on strengthening partnerships with distributors and long-term contracts with end users of de-aromatic solvents. Manufacturers are also expanding their production capacity to cater to the increasing demand for de-aromatic solvents in various applications. They are developing products that have higher flash points, lower toxicity, less corrosive nature, and relatively higher value product offerings for applications such as drilling fluids and other tailored applications.
2023 to 2033
Historical Data Available for
2018 to 2022
Key Regions Covered
Key Countries Covered
Key Market Segments Covered
Key Companies Profiled
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The global de-aromatic solvents market accounted for a valuation of US$ 1.55 billion in 2022.
The market for de-aromatic solvents is estimated to reach US$ 2.8 billion by 2033.
Sales of de-aromatic solvents increased at a CAGR of 2% from 2018 to 2022.
The global market has projected to expand at a CAGR of 5.6% from 2023 to 2033.
Paints, coatings, and inks are estimated to be key applications, and the segment is predicted to account for 43.2% share of the global market.
Exxon Mobil Corporation, Shell Plc, Idemitsu Kosan Co., Ltd., Compañía Española de Petróleos, S.A.U. (CEPSA), and TotalEnergies S.E. account for close to 70% market share.
China, Japan, S. Korea, Germany, and the United States are key exporters of de-aromatic solvents.